Tata Group eyes logistics/shipping unit to support power production
Indian conglomerate Tata Group is planning to develop a shipping and logistics business to support its power generation business.
The Tata Group, which by some estimates has revenue equal to 2 to 3 percent of India's entire GDP, and Tata Power has designs on quadrupling its power generating capacity within five years, Indian news outlets reported this week.
The decision to start a supporting shipping and logistics business is driven by the company's need to secure coal for its power plants, including coal from overseas markets. Despite its wide-ranging interests, including huge steel and automobile production units, Tata has never operated its own logistics or shipping divisions, making this its first foray into the industry.
Tata Group eyes logistics/shipping unit to support power production
